Author : Edward Stone Shaw
Publisher : New York : Oxford University Press
Page : 280 pages
File Size : 24,97 MB
Release : 1973
Category : Business & Economics
ISBN :
Monograph on the role of financial deepening in economic development, or the accumulation of financial assets at a pace faster than accumulation of nonfinancial wealth, through focus on the liberalization of financial markets - discusses classical economic theories regarding capital formation, advocates coordination of financial policy and fiscal policy reforms to deepen finance, and examines effects on the foreign exchange market, trade, capital flows, etc. References.
Author : John E. Udo Ndebbio
Publisher :
Page : 44 pages
File Size : 25,4 MB
Release : 2004
Category : Africa, Sub-Saharan
ISBN :
Author : Ms.Ratna Sahay
Publisher : International Monetary Fund
Page : 41 pages
File Size : 19,85 MB
Release : 2015-05-04
Category : Business & Economics
ISBN : 1498312616
The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from financial deepening remain large for most emerging markets, but there are limits on size and speed. When financial deepening outpaces the strength of the supervisory framework, it leads to excessive risk taking and instability. Encouragingly, the set of regulatory reforms that promote financial depth is essentially the same as those that contribute to greater stability. Better regulation—not necessarily more regulation—thus leads to greater possibilities both for development and stability.
Author : Edward Stone Shaw
Publisher :
Page : 260 pages
File Size : 32,50 MB
Release :
Category : Finance
ISBN :
Author : Robert M. Townsend
Publisher : International Monetary Fund
Page : 66 pages
File Size : 35,15 MB
Release : 2003-09-01
Category : Business & Economics
ISBN : 145185983X
We propose a coherent unified approach to the study of the linkages among economic growth, financial structure, and inequality, bringing together disparate theoretical and empirical literature. That is, we show how to conduct model-based quantitative research on transitional paths. With analytical and numerical methods, we calibrate and make tractable a prototype canonical model and take it to an application, namely, Thailand 1976-1996, an emerging economy in a phase of economic expansion with uneven financial deepening and increasing inequality. We broadly replicate the actual data, test the model formally, and identify anomalies.
Author : Boris Pleskovic
Publisher : World Bank Publications
Page : 428 pages
File Size : 11,50 MB
Release : 1999
Category : Political Science
ISBN : 9780821343210
The 1998 Annual World Bank Conference on Development Economics, the tenth anniversary, was held at the Bank on April 20-21, 1998. The discussions focused on four areas of inquiry:1) the role of geography in countries'success, 2) the role of effective competition and regulatory policies, 3) the causes of financial crises and ways to prevent them, and 4) the effects of ethnic diversity on democracy and growth. The welcoming address by World Bank President James D. Wolfensohn, the opening remarks by chief Economist Joseph Stiglitz, and the tenth anniversary address by the International Monetary Fund Deputy Managing Director Stanley Fischer all focused both on the role of the conference and on the changing perspectives for development.
Author : Iftekhar Hasan
Publisher :
Page : 27 pages
File Size : 19,47 MB
Release : 2006
Category : China
ISBN : 9789524628327
Tiivistelmä.
Author : Paul Wachtel
Publisher :
Page : 31 pages
File Size : 33,17 MB
Release : 2009
Category :
ISBN :
There have been profound changes in both political and economic institutions in China over the last twenty years. Moreover, the pace of transition has led to variation across the country in the level of development. In this paper, we use panel data for the Chinese provinces to study the role of legal institutions, financial deepening and political pluralism on growth rates. The most important institutional developments for a transition economy are the emergence and legalization of the market economy, the establishment of secure property rights, the growth of a private sector, the developmentof financial sector institutions and markets, and the liberalization of political institutions. We develop measures of these phenomena, which are used as explanatory variables in regression models to explainprovincial GDP growth rates. Our evidence suggests that the development of financial markets, legal environment, awareness of property rights and political pluralism are associated with stronger growth.
Author : Wilbert Orven Bascom
Publisher :
Page : 778 pages
File Size : 19,17 MB
Release : 1979
Category :
ISBN :
Author : Ratna Sahay
Publisher :
Page : 41 pages
File Size : 28,60 MB
Release : 2015
Category : Economic development
ISBN : 9781475569957
"Financial development increases a country's resilience and boosts economic growth. It mobilizes savings, promotes information sharing, improves resource allocation, and facilitates diversification and management of risk. It also promotes financial stability to the extent that deep and liquid financial systems with diverse instruments help dampen the impact of shocks. But is there a point beyond which the benefits of financial development begin to decline and costs start to rise, and have emerging markets (EMs) reached these limits? This paper takes stock of where EMs are on the stability-growth tradeoff that financial development entails, and considers whether there is further scope for financial development, and how EMs can secure a safe process of financial development."--Executive summary.
